First Time Home Buyers

What a GREAT time for First Time Home Buyers (at least anyone who hasn't owned a home in the last 3 years)! Here's why:

FHA and VA are actually LENDING money. All you need is a credit score of 625 (right now) or higher, a job (obviously), and 3.5% down. Two different clients of mine just bought newer homes, in beautiful neighborhoods! Their monthly payments which include mortgage, taxes, and insurance is just over $1,200 per month! Not to mention the $8000 tax credit they're going to get, and NOT have to pay back! Oh yeah...and most of the time the seller agrees to pay up to 6% of the buyer's closing costs and pre-paids! Anyone who has what's needed and doesn't do it now, is craaaaazy!

FHA or VA Loans and Short Sales...

First and most important...make sure the listing Agent has the price approved by the bank. That avoids any unseen disappointment. Make sure the buyer's Agent knows how to word the offer correctly, and uses a good pricing strategy in the offer. If all of the above is done correctly, it's a win - win for both sides.

Makes me wish that I waited to buy my house! Talk about a "Buyer's Market"! The Buyer not only gets the kitchen sink, but practically served up on a silver platter too!!!

Just remember...buying a new home should be a fun and happy occasion. If it's not...something, somewhere in the process isn't right.

Maureen Velilla
Realtor
Century 21 East Lake Realty
727-710-4120
www.NotJustAnAgent.com
MaureenVelilla@aol.com